• Ripple and Palau have collaborated on the new Palau Stablecoin (PSC).
• The stablecoin will be issued on the XRP Ledger (XRPL).
• The Republic of Palau’s Ministry of Finance (MOF) will be involved in PSC’s development.

The Republic of Palau, an island nation in the western Pacific Ocean, partnered with American fintech firm Ripple back in 2021 for its stablecoin project and the two have shared a series of updates